Question

example of Full disclosure principle
​

Answer 1

$\huge \sf \green{Ansᴡᴇʀ} \red✰$

• Example of the full disclosure principle

The pedestrian is likely to win the lawsuit in the following year. Under the full disclosure principle, Company X should disclose the anticipated losses from the lawsuit in the footnotes of their financial statement, even though the loss has not been confirmed or finalised yet.